⏱ 2 min read
A brazen Queens pharmacy owner got 63 months in the slammer for bilking Medicare and Medicaid out of $24.4 million.
Taesung Kim, known as ‘Terry,’ laundered the cash from a long-running scheme involving unnecessary prescription drugs.
Kim’s scheme went down in Brooklyn, where he was sentenced today.
Prosecutors say Kim paid kickbacks and bribes to cover his tracks.
He’s also being forced to pay back every penny he stole, $24.4 million in restitution, and to forfeit $6 million in ill-gotten gains.
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📋 Key Facts
- Crime: Fraud & Financial Crimes
- Defendant: Medicare and Medicaid scam
- Location: NY
- Source: DOJ Press Release
